Rising construction costs are making multifamily developers a little queasy about the market
National Association of Home Builders | February 21, 2019
Rising construction costs contributed to multifamily developers’ confidence weakening further in the fourth quarter of 2018, according to the National Association of Home Builders. According to the organization’s latest Multifamily Production Index, the MPI inched backwards one point to 48 compared to the previous quarter. The MPI is measured on a scale of 0 to 100, with a number above 50 indicating that more respondents report conditions are improving than report conditions are getting worse.